The dairy farmer-owners of Associated Milk Producers Inc. (AMPI) will share $10 million in equity payments this year. The cash will be paid to individuals based on the amount of milk they marketed through AMPI.
In November, $6.5 million of members' capital retain investment was distributed. This month's payment of $3.5 million is a result of previously allocated earnings.
The payments to members also included AMPI's early equity revolvement option. Members who are age 65 and retired from dairying can receive their cooperative equity through an accelerated, five-year distribution.
"Distributing equity reaffirms the cooperative's focus on its mission of maximizing the return on milk marketed and equity invested for its members," said AMPI President and CEO Ed Welch.